De Grey targets top five gold mine

The other criteria for the shares to vest would be for Mr Jardine to declare an official mineral resource of 12 million ounces of gold in the province surrounding Hemi.

For context, that would be almost six times the size of the 2.2 million ounce resource currently attached to the project.

The same vesting conditions will apply to more than half a million dollars worth of options that will be offered to De Grey’s technical director Andrew Beckwith if shareholders give their blessing at the annual meeting scheduled for December 4. Gold fever

New gold discoveries have been eagerly embraced by investors this year amid very strong gold prices and inflated valuations on existing producers.Of the $1.34 billion raised by listed exploration companies in the three months to June 30, more than 57 per cent was raised by those drilling for gold.Greatland Gold’s London listed shares have risen almost as much […]

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